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Tax software for oil and gas companies

ONESOURCE Determination for the oil and gas industry

Automate tax calculation with trusted content and technology designed to handle the most complex transactions in the oil and gas industry

One vendor

ONESOURCE is a complete solution from one global platform covering tax determination and calculation on all transactions, e-invoicing support, and compliance reporting and filling. Regardless of upstream, midstream, downstream, or all the above, ONESOURCE meets the needs of businesses across the entire oil and gas supply chain.

One integration

Experience certified enterprise resource planning (ERP) integrations that seamlessly connect the power and capabilities of ONESOURCE to your existing systems, delivering enhanced functionality without disrupting your daily operations.

One tax engine

Achieve even the most complex tax calculations with one tax engine, including sales and use, VAT, GST, and excise taxes. Utilize robust automation intelligence that analyzes specific transaction data across all U.S. jurisdictions, encompassing origin and destination, exemptions, title transfer, and other crucial factors like latitude and longitude functionality and volumetric calculation.

Our comprehensive oil and gas content covers all operation levels, from upstream to downstream, and retail.

Upstream

Obtain detailed insights on your most important data points, including identifying and extracting materials, drilling oil and gas fields, reviewing well data, and more.

Midstream

Increase the visibility of oil and gas processing, transportation, storage, and product movement across jurisdictions to improve and simplify your reporting processes.

Downstream

Streamline refining, distribution, and retail operations from end to end by leveraging our solutions to collect and remit various types of tax with ease.

The quantifiable impact of ONESOURCE Determination

90% – 95%

increase in indirect tax process automation

Source: Nu Skin
Case Study, 2018

 

<1%

invoice error rate

Source: Forrester Total
Economic Impact Study, 2022

 

4,800

hours saved for IT personnel

Source: Forrester Total
Economic Impact Study, 2022

 

95%

reduction in custom coding

Source: Forrester Total
Economic Impact Study, 2022

 

Schedule a demo and discover how oil and gas companies are using ONESOURCE Determination to transform their indirect tax processes.

Witness the impact of ONESOURCE Determination as it automates indirect tax calculations, driving confidence in compliance and efficiency for your teams.

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